Keilor Lodge (postcode 3038) is a small community in Victoria within the Brimbank local government area. The area has roughly 1,668 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $114K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are Italian, Australian, English.
The median house price in Keilor Lodge is $1.0 million, having jumped by 10.3% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,993.
Keilor Lodge is served by 1 school, including 1 secondary. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 8.9x is considered moderate. House prices have moved +10.3% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.